The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
250 jobs Number of planned job losses
Announcement Date
22 December 2010
Employment effect (start)
22 December 2010
Foreseen end date
31 March 2011
Description
On 22 December 2010, the pharma company Hexal-Sandoz announced to cut 250 jobs, i.e. 6% of the 4,300 jobs in Germany. The business daily FTD reported that Hexal is to take over sales and distribution functions from Sandoz. These plans are to be completed by the end of March 2011.
Sources
22 December 2010: Financial Times Deutschland
Citation
Eurofound (2010), Hexal-Sandoz, Internal restructuring in Germany, factsheet number 71362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71362.
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